By Rob Curran
US Foods' third-quarter net income rose as the food distributor passed on higher food costs to customers, and the company boosted its full-year adjusted earnings forecast even as it lowered the top end of its sales-growth projection.
The Rosemont, Ill., distributor of fresh and processed foods to restaurants and cafeterias posted earnings of $153 million, or 67 cents a share, up from $148 million, or 61 cents a share, a year earlier.
Stripping out certain one-off items, US Foods logged adjusted earnings of $1.07 a share, surpassing the average Wall Street peg of $1.03 a share.
Sales rose 4.8% to $10.19 billion, beating the mean analyst estimate of $10.17 billion.
Total case volume increased 1.1%. Food cost inflation, a measure of price increases, rose 3%.
US Food boosted its adjusted per-share growth target for 2025 to a range between 24% and 26% from a prior 19.5%-to-23% range.
US Food reduced the higher end of its sales-growth projection for the year, and now anticipates 4%-to-5% growth, down from the previous projection of 4% to 6%.
In August, US Foods said it had approached rival Performance Food Group regarding a potential combination.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
November 06, 2025 07:16 ET (12:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments